The primary indices in the U.S. dropped lower during the last trading session
in the United States. Futures started the last trading session in the red and
stayed there for the majority of the session. Investor confidence bumper higher
during the session when the better than expected data posted via the ISM report
and the initial unemployment claims posted. The positive sentiment did not last
long however as worries and economic concerns eventually applied more pressure
than the indices could overcome. The dollar closed out the day by moving higher
versus the euro, British pound and Japanese yen. The DJIA finished red by almost
120 points at 11,493.57. Gold futures dropped back as well. Contract gold for
December delivery closed out the session red by .14 percent at 1829.10 per troy
ounce. Silver contract for December delivery closed out the last session lower
by .57 percent at 41.53 per troy ounce. After session close and prior to opening
bell this morning, spot gold and spot silver moved in the red. Spot gold price
per gram was lower by .01 at 58.78 and spot silver price per ounce was red by
.04 at 41.66. Camillo Zucari
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